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Farcaster has been acquired by the ecosystem core client Neynar, and the two co-founders will gradually step back to work on a new project.
BlockBeats News, January 22, Farcaster founder Dan Romero announced on social media that Neynar is acquiring Farcaster. In the coming weeks, the existing team will transfer the protocol smart contracts and codebase, the Farcaster app, and ownership of Clanker to Neynar. Neynar will be responsible for running and maintaining all subsequent work. They are the most suitable candidates to take over the leadership of Farcaster, and they will soon share a new vision focused on builders.
Dan Romero said, "This was not an easy decision to make. Farcaster and the people who built on top of it mean a lot to the founding team. We are very proud of everything the team has built and everything the community has built with us. But after five years, it is clear that Farcaster needs a new approach and new leadership to fully realize its potential."
Some members of the Merkle team (Farcaster's founding company), Varun Srinivasan (another co-founder), and Dan Romero personally will gradually step back from Farcaster's daily work and move on to new projects.
It is reported that Neynar is the most core third-party infrastructure and developer platform in the Farcaster ecosystem and one of the earliest Farcaster clients. Its infrastructure has supported most of the developer activities in the Farcaster ecosystem.
BlockBeats previously reported that Farcaster announced a $150 million funding round in May 2024, the second-highest funding amount in the encryption field that year. The round was led by Paradigm, with a16z crypto, Haun, USV, Variant, Standard Crypto, and others participating. The top-tier list of investors made Farcaster one of the hottest projects at the time, with the funding round even being seen as a sign of the beginning of the thriving decentralized social media era.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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